The chapter discusses the importance of having reserves and cash on hand as a real estate investor. It emphasizes the need for significant reserves to handle cash flow fluctuations in real estate investments and shares personal experiences of using reserves during economic downturns. The conversation also explores the concept of being financially anti-fragile and how having cash, relationships with lenders, and multiple sources of income can mitigate risks.
Robert Leonard brings back his good friend Chad Carson to discuss his new book The Small & Mighty Real Estate Investor, including the differences between building a small portfolio and a large portfolio, how to deal with debt in partnerships, people not paying rent, the psychology of being a workaholic, the 7 rules of a small and mighty real estate investor, and much, much more!
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
12:05 - What it means to be a small & mighty real estate investor.
12:05 - 7 rules of a small & mighty real estate investor.
34:18 - How to deal with being a workaholic.
43:11 - How to think about debt.
46:41 - How to deal with tenants not paying rent.
47:13 - Why you might not want to build a big real estate portfolio.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
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